What Are My Options For Quick Loans?

Sep 14, 2021
Title Loans


If you're looking for quick loans, you're in luck. You have a few options to choose from. Which loan you choose is completely dependent on what you need the loan for and your personal circumstances. When you're shopping for a same-day loan, chances are your main options will fall into a few main categories.

 

Payday Loan

 

Payday loans are pretty self-explanatory. You borrow a small amount of money from a lender, and the lender expects you to pay it back on your next payday. These loans can be very convenient, but you should pay them on time if you take one out.

 

As convenient as they are, you will end up paying a lot of money in interest. If you don't pay the loan on time, the amount you owe will rise significantly. Plus, this type of loan will leave you with a tiny paycheck. Then, you may be in a tough position all over again.

 

If you apply for this loan, make sure you are able to pay it back on time with your next paycheck. You should also ensure that you will be able to live off of your next paycheck with your debt taken out of it.

 

Pawn Shop Loan

Pawn shops are a great way to get quick loans. This loan requires no credit check and minimal personal information. To get this loan, you bring a valuable item to a pawn shop, and they will give you a loan based on the value of the item. The loan is typically about 20%-60% of the item's value.

 

Once you've received the loan, the shop will tell you when you have to pay the loan and interest back. If you do not pay the loan back on time, the shop will take ownership of the item. The shop can do whatever they want with the item. Typically, they will sell it in the shop.

 

This type of loan is great for quick cash, but you will have to find an item in your possession that is worth a lot more than the amount of money you need to borrow. Things like that tend to be expensive items, like collectibles or sentimental jewelry.

 

Think Before Taking A Pawn Shop Loan

If you cannot pay this loan back, you're not going into debt. Instead, you could lose your great-grandmother's ring or a signed Beatles vinyl. You'll be losing a lot more than money if you don't pay the loan back.

 

But maybe you don't care about the item and whether or not the pawn shop sells it. In that case, try selling it to the shop instead of taking out a loan.

 

Title Loan

Title loans are another type of same-day quick loans. In the case of title loans, the lender gives you a loan amount based on the amount your car is worth. The lender takes the title of your car as collateral until you pay your loan back.

 

If you are unable to pay the loan back or make another deal with the lender, the lender will seize your car to pay back the loan. But, if you pick the right lender, like Rapid Auto Loans, paying back your loan is easy.

 

Rapid Auto Loans

Rapid Auto Loans is a quick loans service, but we put our customers first. You have 12 months to pay back your loan, and the first payment is due 30 days after you receive the loan. We don't want you to be in a challenging financial position. So if you can't make a payment, give us a call, and we'll give you an extension at no extra cost.

 

Quick Loans In Florida

When you have bad credit, no credit, or you just need cash fast, call Rapid Auto Loans at 954-960-7099. Please fill out our online application and schedule an appointment. You'll walk out of your appointment with a check in hand.

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who should consider a title loan

Emergencies and repairs are usually unplanned and completely unexpected. That can leave you vulnerable to unpaid debt, or it could prevent you from getting the help you need. When you need fast cash and your paycheck isn’t for another two weeks, or it won’t cover the cost of your expense, a title loan could be your solution.

Rapid Auto Loans is a consumer finance company licensed under Florida 516. The term title loan is used for marketing purposes only.
All loans have a repayment period of 12 months and there is no minimum prepayment penalty. Interest Rates are determined and approved by the State of Florida based on the borrowed amount and the maximum APR (which includes interest rate plus fees and other costs for a year) is 30%. You pay interest only for the time your loan is outstanding. Below is a representative example of the total cost of the loan, including all applicable fees:
3,233.68

APPROVED LOAN AMOUNT

0.00

Government Fee

25.00

Credit investigative Fee

11.55

Documentary Stamp Tax

3,270.23

Total amount Financed

11/1/2016

Original Loan Date

29.07%

APR

316.39

Monthly Payment (x12)

Rapid Auto uses “Auto Title Loans” for advertisement purposes only and provides auto equity loans. The lenders are licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such lenders loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of lenders activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.